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IMA's pounds and pence fee plans approved by regulator

Julia Rampen

14 May 2014 •

The Financial Reporting Council (FRC) has formally agreed proposals from the Investment Management Association (IMA) that will see fund managers break down profits and losses in pounds and pence figures for the first time.

The IMA has been pushing for the change having consulted with members over the last year. The figures will be there as a simple way to tell investors how much it has cost them to own units in a ...

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